Fitch’s rating analysis was done as part of the regular annual review process. 

In their analysis, Fitch affirms Triodos Bank’s rating primarily reflecting its established niche franchise and stable business model focusing on the sustainable banking segment, moderate risk profile, adequate asset quality and modest but stable profitability. The ratings also consider Triodos Bank's sound liquidity position, the solid leverage ratio and adequate capital buffers and funding profile. The Negative Outlook on Triodos Bank reflects downside risks to the ratings from uncertainties relating to the impact of the bank's ongoing legal disputes with Depository Receipt Holders regarding the earlier suspension of the trade of its Depository Receipts. 

Triodos Bank will continue to engage with all its stakeholders while remaining committed to the bank's mission to make money work for positive change.  

Financial calendar 

Disclaimer: 

The information in this document has been obtained or derived from sources believed by Triodos Bank N.V. to be reliable at the date of publication of this document. However, no representations are made as to its accuracy or completeness. The information may be subject to change, and Triodos Bank N.V. assumes no undertaking to revise or amend the information provided, or to provide any update in respect of any change related thereto. Triodos Bank N.V. accepts no liability for loss arising from the use of the information. The information is: (i) for discussion purposes only; (ii) not to be regarded as (investment) advice; and (iii) not to be relied upon in substitution for the exercise of independent and sound judgement. 

This document does not constitute any commitment or any offer to commit to any transaction or financing by Triodos Bank N.V. 

This document may include forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Some of these forward-looking statements are characterised by the use of words such as (but not limited to): 'expect', 'anticipate', 'estimate', 'may', 'should', 'would', 'believe', 'intend', 'plan', 'contemplate', 'aim', 'could', 'will', 'potential', 'think', 'seek', as well as similar expressions, the future tense and the conditional. The forward-looking statements included in this document with respect to the business, results of operation and financial condition of Triodos Bank N.V. are subject to a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements, including but not limited to the following: changes in economic and political conditions, actions taken and policies applied by governments and their agencies, changes in credit spreads or interest rates, the results of our strategy and investment policies and objectives. Triodos Bank N.V. undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances that may arise after the date of this document.